American Woodmark (AMWD) Raised to “Sell” at BidaskClub

American Woodmark (NASDAQ:AMWD) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Thursday.

Several other analysts have also weighed in on AMWD. Zacks Investment Research lowered American Woodmark from a “buy” rating to a “hold” rating in a report on Monday, October 29th. ValuEngine raised American Woodmark from a “strong sell” rating to a “sell” rating in a report on Thursday, August 23rd. Longbow Research lowered American Woodmark to a “buy” rating and set a $123.00 target price on the stock. in a report on Friday, October 12th. TheStreet lowered American Woodmark from a “b” rating to a “c+” rating in a report on Tuesday, October 9th. Finally, Robert W. Baird set a $104.00 target price on American Woodmark and gave the company a “buy” rating in a report on Tuesday, October 16th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. American Woodmark has a consensus rating of “Hold” and a consensus price target of $106.75.

American Woodmark stock opened at $67.45 on Thursday. The company has a current ratio of 2.06, a quick ratio of 1.35 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 12.87, a PEG ratio of 0.96 and a beta of 2.12. American Woodmark has a fifty-two week low of $55.03 and a fifty-two week high of $148.44.

American Woodmark (NASDAQ:AMWD) last posted its earnings results on Monday, August 27th. The company reported $2.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.92 by $0.12. The company had revenue of $429.00 million for the quarter, compared to analyst estimates of $429.13 million. American Woodmark had a return on equity of 18.61% and a net margin of 4.68%. American Woodmark’s revenue was up 55.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.36 earnings per share. Equities analysts predict that American Woodmark will post 7.62 EPS for the current year.

Several large investors have recently modified their holdings of AMWD. Cutler Group LP lifted its position in shares of American Woodmark by 1,010.0% in the second quarter. Cutler Group LP now owns 1,110 shares of the company’s stock valued at $101,000 after acquiring an additional 1,010 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its position in shares of American Woodmark by 149.3% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,319 shares of the company’s stock valued at $121,000 after acquiring an additional 790 shares in the last quarter. NumerixS Investment Technologies Inc lifted its position in shares of American Woodmark by 375.0% in the second quarter. NumerixS Investment Technologies Inc now owns 1,900 shares of the company’s stock valued at $172,000 after acquiring an additional 1,500 shares in the last quarter. Amalgamated Bank purchased a new stake in shares of American Woodmark in the second quarter valued at $210,000. Finally, Verition Fund Management LLC purchased a new stake in shares of American Woodmark in the second quarter valued at $211,000. Institutional investors and hedge funds own 81.42% of the company’s stock.

American Woodmark Company Profile

American Woodmark Corporation manufactures and distributes kitchen, bath, and home organization products for the remodeling and new home construction markets in the United States. The company offers framed stock cabinets in approximately 420 various cabinet lines, which include 90 door designs in a range of painted and stained finishes on maple, cherry, and oak, as well as engineered fronts under the Duraform mark name.

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